'Careful,' Jim Cramer Warns Investors On Alphabet: 'Trim' If Stock 'Goes Up' Post-Earnings
Portfolio Pulse from Benzinga Neuro
CNBC host Jim Cramer has advised investors to consider trimming their positions in Alphabet Inc. if its shares surge post the quarterly earnings announcement, due to the ongoing lawsuit against the company by the U.S. Department of Justice. The lawsuit, which accuses Alphabet of anti-competitive practices, is seen as a potential dampener for its stock’s upside.
July 26, 2023 | 8:56 am
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Alphabet's ongoing lawsuit by the U.S. Department of Justice could dampen its stock's upside, leading to advice for investors to trim their positions if shares surge post-earnings.
The ongoing lawsuit against Alphabet by the U.S. Department of Justice, accusing the company of anti-competitive practices, is seen as a potential risk for the company's stock. This has led to advice for investors to trim their positions if the stock surges post-earnings, indicating a potential negative impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Alphabet's ongoing lawsuit by the U.S. Department of Justice could dampen its stock's upside, leading to advice for investors to trim their positions if shares surge post-earnings.
The ongoing lawsuit against Alphabet by the U.S. Department of Justice, accusing the company of anti-competitive practices, is seen as a potential risk for the company's stock. This has led to advice for investors to trim their positions if the stock surges post-earnings, indicating a potential negative impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100